Sila Realty Trust (NYSE:SILA) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Sila Realty Trust (NYSE:SILA) announced its quarterly earnings data on Friday. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02, FiscalAI reports. The company had revenue of $52.67 million during the quarter, compared to analysts’ expectations of $49.77 million. Sila Realty Trust had a return on equity of 2.80% and a net margin of 18.64%.

Sila Realty Trust Stock Performance

NYSE SILA opened at $30.58 on Friday. The firm’s fifty day moving average price is $25.97 and its two-hundred day moving average price is $24.59. The stock has a market cap of $1.69 billion, a PE ratio of 45.64 and a beta of 1.01. Sila Realty Trust has a fifty-two week low of $21.94 and a fifty-two week high of $30.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.17.

Sila Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Sila Realty Trust’s payout ratio is presently 238.81%.

Hedge Funds Weigh In On Sila Realty Trust

A number of hedge funds have recently modified their holdings of SILA. Golden State Wealth Management LLC lifted its holdings in shares of Sila Realty Trust by 87.6% during the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of Sila Realty Trust by 90.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after purchasing an additional 585 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Sila Realty Trust during the second quarter worth $60,000. Vestcor Inc acquired a new position in shares of Sila Realty Trust during the third quarter worth $92,000. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Sila Realty Trust by 26.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,425 shares of the company’s stock worth $103,000 after purchasing an additional 935 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SILA shares. Freedom Capital cut Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a research report on Friday, March 27th. Wells Fargo & Company lifted their price target on shares of Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Finally, Truist Financial set a $28.00 price target on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.00.

About Sila Realty Trust

Sila Realty Trust, Inc, headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the large, growing, and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care, which, we believe, generate predictable, durable, and growing income streams. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.